A New Opportunity with the Most Important Selling Areas on the Japanese Nikkei JP225

The Japanese Nikkei index fell as a result of the sell-offs we mentioned 

in the previous analysis, resulting in the formation of strong new supply areas.

These areas are considered the most important expected selling areas currently on the index.

These areas also occurred after a breakout of an upward trend on the 4-hour timeframe.

This may reflect the possibility of a continued correction in the index over the coming period.

The new areas are located at the 43528 level.

They are considered the most important selling areas currently, 

and a decline from them is expected to reach the targets

defined on the chart at the 43260 and 42940 levels, respectively.

Of course, if a full candlestick breaks and closes above the supply areas, the analysis fails.

Specifically, a close above the 43833 level.